* U.S. dollar holding above 15-mth lows, but vulnerable

* China data awaited, strong numbers could lift Aussie

By Anirban Nag

SYDNEY, Nov 11 (Reuters) - The U.S. dollar slipped on Wednesday, but managed to avoid a break of recent 15-month lows on a basket of currencies as investors paused for breath after a recent spike in the euro and higher-yielders.

The focus shifts to a raft of Chinese data due for release later in the session [ECONCN]. China's industrial output, urban investment, retail sales, consumer and produce price index and trade data for October are all due.

A strong set of numbers could give a lift to commodity-linked currencies like the Australian and New Zealand dollars.

"Another set of strong numbers will reinforce the view that things are pretty good out there, for now," said John Horner, foreign exchange strategist at Deutsche Bank.

"We could see the Aussie test its recent highs of $0.9330 on its way to 95 U.S. cents later."

The Australian dollar AUD=D4 was firm above $0.9300, in sight of its recent high of $0.9330 struck late on Oct 21, which was its highest level since August 2008. China is Australia's biggest trading partner.